Stran & Company Inc (NASDAQ:STRN) Stock Moves Up Again: Soars 57% In a Week

Companies which record significant gains right after going public generally continue to garner significant attention among investors. Hence, it could be a good idea for investors to consider tracking the Stran & Company Inc (NASDAQ:STRN) stock this morning.

Market Stats

On Friday, STRN stock soared 18.31% at $5.75 with more than 7.39 million shares, compared to its average volume of 7.31 million shares. The stock has moved within a range of $5.30 – 6.08 after opening trading at $5.57.

Major Buzz

It is a marketing company based out of the Boston area and went public last Tuesday. Soon after its listing on NASDAQ, the stock moved strongly and ended the week with gains of as much as 57%. As a matter of fact, the stock managed to clock gains of as much as 18% alone on FRIDAY.

The company noted that at its initial public offering, it value the company at $18 million. In this context, it is also important to point out that the company has been in business for 27 years and is primarily known for providing outsources marketing solutions to its clients.

Stran & Company had stated that its services help its clients in terms of sales, marketing and procurement. Back in 2015, the company had moved its base from Boston to Quincy and currently it boasts of a number of offices across the United States. In addition to that, it has two offices in Canada and as many as 10 in Europe.

Traders Corner

STRN stock is trading above the 20-Day and 50-Day Moving averages of $4.69 and $4.70 respectively. Moreover, the stock is trading above the 200-Day moving average of $4.69.